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A price index as a statistic, measures

Economics
WAEC 2012

A price index as a statistic, measures

  • A. how the value of money changes over time
  • B. the volume of currency in the economy
  • C. the exchange rate of a country's currency
  • D. the composition of goods and services
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Correct Answer: Option A
Explanation

A price index is a measure of how prices change over a period of time, or it is a way to measure inflation. 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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